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BrightView Holdings, Inc.（BV）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
BrightView Holdings, Inc.的季度营收约是南玻集团的1.9倍（$614.7M vs $323.1M），南玻集团净利率更高（2.2% vs -2.5%，领先4.6%），BrightView Holdings, Inc.同比增速更快（2.6% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $-18.6M），过去两年南玻集团的营收复合增速更高（4.6% vs -4.4%）
BrightView Holdings是美国领先的商业景观服务提供商，业务涵盖景观设计、施工、日常养护、灌溉系统管理、除雪除冰等，服务客户覆盖企业园区、商业中心、住宅社区及公共部门等场景。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
BV vs CSGS — 直观对比
营收规模更大
BV
是对方的1.9倍
$323.1M
营收增速更快
BV
高出0.6%
2.0%
净利率更高
CSGS
高出4.6%
-2.5%
自由现金流更多
CSGS
多$74.4M
$-18.6M
两年增速更快
CSGS
近两年复合增速
-4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $614.7M | $323.1M |
| 净利润 | $-15.2M | $7.0M |
| 毛利率 | 18.6% | 50.0% |
| 营业利润率 | -1.2% | 9.0% |
| 净利率 | -2.5% | 2.2% |
| 营收同比 | 2.6% | 2.0% |
| 净利润同比 | -46.2% | -79.7% |
| 每股收益（稀释后） | $-0.26 | $0.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BVCSGS
| Q4 25 | $614.7M | $323.1M | ||
| Q3 25 | $702.7M | $303.6M | ||
| Q2 25 | $708.3M | $297.1M | ||
| Q1 25 | $662.6M | $299.5M | ||
| Q4 24 | $599.2M | $316.7M | ||
| Q3 24 | $728.7M | $295.1M | ||
| Q2 24 | $738.8M | $290.3M | ||
| Q1 24 | $672.9M | $295.1M |
净利润BVCSGS
| Q4 25 | $-15.2M | $7.0M | ||
| Q3 25 | $27.7M | $20.5M | ||
| Q2 25 | $32.3M | $12.3M | ||
| Q1 25 | $6.4M | $16.1M | ||
| Q4 24 | $-10.4M | $34.5M | ||
| Q3 24 | $25.6M | $19.1M | ||
| Q2 24 | $23.5M | $13.8M | ||
| Q1 24 | $33.7M | $19.5M |
毛利率BVCSGS
| Q4 25 | 18.6% | 50.0% | ||
| Q3 25 | 25.1% | 48.1% | ||
| Q2 25 | 24.1% | 49.5% | ||
| Q1 25 | 22.3% | 48.4% | ||
| Q4 24 | 21.2% | 51.3% | ||
| Q3 24 | 25.0% | 49.4% | ||
| Q2 24 | 24.0% | 47.3% | ||
| Q1 24 | 22.6% | 46.5% |
营业利润率BVCSGS
| Q4 25 | -1.2% | 9.0% | ||
| Q3 25 | 7.9% | 10.0% | ||
| Q2 25 | 8.1% | 10.0% | ||
| Q1 25 | 3.4% | 9.8% | ||
| Q4 24 | -0.1% | 13.4% | ||
| Q3 24 | 7.1% | 10.8% | ||
| Q2 24 | 6.6% | 8.8% | ||
| Q1 24 | 9.2% | 10.8% |
净利率BVCSGS
| Q4 25 | -2.5% | 2.2% | ||
| Q3 25 | 3.9% | 6.7% | ||
| Q2 25 | 4.6% | 4.1% | ||
| Q1 25 | 1.0% | 5.4% | ||
| Q4 24 | -1.7% | 10.9% | ||
| Q3 24 | 3.5% | 6.5% | ||
| Q2 24 | 3.2% | 4.8% | ||
| Q1 24 | 5.0% | 6.6% |
每股收益（稀释后）BVCSGS
| Q4 25 | $-0.26 | $0.24 | ||
| Q3 25 | $0.21 | $0.73 | ||
| Q2 25 | $0.15 | $0.44 | ||
| Q1 25 | $-0.03 | $0.57 | ||
| Q4 24 | $-0.20 | $1.20 | ||
| Q3 24 | $0.20 | $0.67 | ||
| Q2 24 | $0.10 | $0.48 | ||
| Q1 24 | $0.17 | $0.68 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $37.0M | $180.0M |
| 总债务越低越好 | $801.1M | $539.5M |
| 股东权益账面价值 | $1.3B | $283.7M |
| 总资产 | $3.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.64× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资BVCSGS
| Q4 25 | $37.0M | $180.0M | ||
| Q3 25 | $74.5M | $158.4M | ||
| Q2 25 | $79.1M | $145.9M | ||
| Q1 25 | $141.3M | $136.0M | ||
| Q4 24 | $98.3M | $161.8M | ||
| Q3 24 | $140.4M | $118.4M | ||
| Q2 24 | $115.9M | $110.4M | ||
| Q1 24 | $177.3M | $120.8M |
总债务BVCSGS
| Q4 25 | $801.1M | $539.5M | ||
| Q3 25 | $790.2M | $538.6M | ||
| Q2 25 | $790.7M | $537.8M | ||
| Q1 25 | $798.9M | $537.6M | ||
| Q4 24 | $796.5M | $538.5M | ||
| Q3 24 | $802.5M | $539.5M | ||
| Q2 24 | — | $540.5M | ||
| Q1 24 | — | $541.5M |
股东权益BVCSGS
| Q4 25 | $1.3B | $283.7M | ||
| Q3 25 | $1.3B | $289.5M | ||
| Q2 25 | $1.3B | $290.7M | ||
| Q1 25 | $1.3B | $283.1M | ||
| Q4 24 | $1.3B | $282.6M | ||
| Q3 24 | $1.3B | $288.4M | ||
| Q2 24 | $1.3B | $273.3M | ||
| Q1 24 | $1.2B | $269.3M |
总资产BVCSGS
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.3B | $1.5B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B | ||
| Q1 24 | $3.4B | $1.3B |
负债/权益比BVCSGS
| Q4 25 | 0.64× | 1.90× | ||
| Q3 25 | 0.61× | 1.86× | ||
| Q2 25 | 0.62× | 1.85× | ||
| Q1 25 | 0.63× | 1.90× | ||
| Q4 24 | 0.63× | 1.91× | ||
| Q3 24 | 0.63× | 1.87× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 2.01× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $36.1M | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $-18.6M | $55.8M |
| 自由现金流率自由现金流/营收 | -3.0% | 17.3% |
| 资本支出强度资本支出/营收 | 8.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | $17.2M | $141.4M |
8季度趋势，按日历期对齐
经营现金流BVCSGS
| Q4 25 | $36.1M | $59.2M | ||
| Q3 25 | $84.4M | $47.9M | ||
| Q2 25 | $55.7M | $37.3M | ||
| Q1 25 | $91.2M | $11.5M | ||
| Q4 24 | $60.5M | $82.5M | ||
| Q3 24 | $53.5M | $39.5M | ||
| Q2 24 | $42.6M | $43.1M | ||
| Q1 24 | $83.3M | $-29.4M |
自由现金流BVCSGS
| Q4 25 | $-18.6M | $55.8M | ||
| Q3 25 | $26.0M | $43.9M | ||
| Q2 25 | $-47.8M | $34.6M | ||
| Q1 25 | $57.6M | $7.1M | ||
| Q4 24 | $1.8M | $76.6M | ||
| Q3 24 | $21.1M | $32.0M | ||
| Q2 24 | $19.3M | $38.8M | ||
| Q1 24 | $70.7M | $-34.1M |
自由现金流率BVCSGS
| Q4 25 | -3.0% | 17.3% | ||
| Q3 25 | 3.7% | 14.5% | ||
| Q2 25 | -6.7% | 11.6% | ||
| Q1 25 | 8.7% | 2.4% | ||
| Q4 24 | 0.3% | 24.2% | ||
| Q3 24 | 2.9% | 10.8% | ||
| Q2 24 | 2.6% | 13.4% | ||
| Q1 24 | 10.5% | -11.6% |
资本支出强度BVCSGS
| Q4 25 | 8.9% | 1.1% | ||
| Q3 25 | 8.3% | 1.3% | ||
| Q2 25 | 14.6% | 0.9% | ||
| Q1 25 | 5.1% | 1.5% | ||
| Q4 24 | 9.8% | 1.9% | ||
| Q3 24 | 4.4% | 2.5% | ||
| Q2 24 | 3.2% | 1.5% | ||
| Q1 24 | 1.9% | 1.6% |
现金转化率BVCSGS
| Q4 25 | — | 8.46× | ||
| Q3 25 | 3.05× | 2.34× | ||
| Q2 25 | 1.72× | 3.04× | ||
| Q1 25 | 14.25× | 0.71× | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | 2.09× | 2.07× | ||
| Q2 24 | 1.81× | 3.12× | ||
| Q1 24 | 2.47× | -1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BV
| Landscape Maintenance | $368.0M | 60% |
| Development Services Segment | $179.2M | 29% |
| Snow Removal | $68.4M | 11% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
